-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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They need to look to consolidate (FORCE) schools there’s just way to many 1 or 2 school districts next to each other.
Consolidate or lose 25% of budget!
Illinois’ 1,430 township governments are a***Political-Tar-Pits of Corruption, Cronyism, Nepotism, Patronage and Waste***Support for townships comes from the***”What’s-In-For-Me People” Township Officials of Illinois, TOI.
Funny Story. I be government continues to grow and grow.